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By Alice Campbell
There are numerous ways to learn Forex trading. Your best bet to learn the basics of the Forex market is to find a reputable Forex broker. Of course you can still get solid Forex education from other Read more...

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By Andrew Norman
Quality Forex training is the key to success for any budding Forex trader. But sometimes I think Forex training is too regulated then at other times I think that there isn't enough oversight. The Read more...

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Truth be told, there are a lot of sites offering forex signals, both free and paid services. But is there a reliable service, with affordable price that offers such signals, providing decent number Read more...

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Forex Training: How To Read A Forex Quote
By Gregory DeVictor
Forex is an abbreviated name for "foreign exchange." The Forex market is a non-stop cash market where the currencies of nations are bought and sold, typically via brokers. For example, you buy Euros, paying with U.S. Dollars, or you sell Euros for Japanese Yen.

The value of your Forex investment increases or decreases because of changes in the exchange rate or Forex rate. These changes often result from economic and political factors, such as the price of oil or political unrest. To better understand how the exchange rate can affect the value of your Forex investment, this article shows you how to read a Forex quote.

Forex quotes are always expressed in pairs. In the following example, your "pair" of currencies are the U.S. Dollar (USD) and the Euro (EUR). The Forex quote, USD/EUR = 265.50, means that one U.S. dollar is equal to 265.50 Euros. The to the left of the / (USD in this case) is referred to as base and its value is always 1. The to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one USD can buy 265.50 EUR, since it is the stronger of the two currencies.

Because the U.S. dollar is regarded as the central of the Forex market, it is always treated as the

base in any Forex quote where it is one of the pairs. Incidentally, the U.S. Dollar is involved in nearly 90% of all Forex transactions.

In this example, your "pair" of currencies are the Japanese Yen (JPY) and the Euro (EUR). The Forex quote, JPY/EUR= 175.10, means that one Japanese Yen is equal to 175.10 Euros. The to the left of the / (JPY in this case) is referred to as base and its value is 1. The to the right of the / (EUR in this case) is referred to as the counter currency. In this example, one JPY can buy 175.10 EUR, since it is the stronger of the two currencies.

The goal of any Forex trading system is to profit from foreign movements. This requires adequate training in basic Forex principles, such as performing a Technical Analysis, using Forex charts and Stop/Loss tools, and keeping up-to-date with economic and political events. In a sense, Forex training never ends.

Gregory DeVictor is a consultant who has been developing and marketing web sites since 1999. You can learn more about how to develop your own Forex trading system at: www.Forex-Trading-System.name

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Short for "Foreign Exchange". Refers generally to the Foreign Exchange trading industry and/or to the currencies themselves.